Banks are charging higher fees by default to merchants that have not proved compliance with the payment card industry data security standard (PCI DSS). You could be paying much more than you need to – FACT!

In addition to these extra charges, the Information Commissioner’s Office (ICO), has made it absolutely clear that organisation found to be non-compliant with PCI DSS, and having suffered a data breach, will be deemed non-compliant with the data protection act (DPA) and will be fined up to £500,000. Double penalties are a very real risk, as well as reputation damage and diminished customer loyalty!